Country of economica the total labor force

Assignment Help Business Economics
Reference no: EM131381473

In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the current unemployment rate is 5.0%.This year, 300 workers will lose their jobs, 255 workers will return to the labor force after an absence, 150 workers will voluntarily leave their jobs, and 750 new workers will enter the labor force. At the same time, 1244 workers will find jobs, and 450 workers will retire or leave the labor force for other reasons. Thus, at the end of the year, the labor force will consist of how many workers, and the unemployment rate will be what %?

Reference no: EM131381473

Questions Cloud

Perfect price discrimination and faces a demand curve : Suppose a profit maximizing monopolist is able to engage in perfect price discrimination and faces a demand curve for its products given Q=20-.5P. This monopolist has a cost function of TC = 24 + 4Q. How much will monopolists profits be?
Test an appropriate hypothesis and state your conclusion : One insurance company found that the driver was a teenage girl in 44 of the 388 fatal accidents they investigated. Is this strong evidence that the accident rate is lower for girls than for teens in general?
Research of the iphone 6 plus : This course project assignment is focused on total economic output. This week you will be asked to continue your research of the iPhone 6 plus.
Explain in this context what the p-value means : The researchers claimed that the data prove that genetic differences between the two populations cause a difference in the frequency of occurrence of perfect pitch. Do you agree? Why or why not?
Country of economica the total labor force : In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the current unemployment rate is 5.0%.
Is given regression statistically significant : For satisfaction with the purchase of sunglasses, the estimate of beta, the slope of S with respect to M,was b = 2.20. The reported t statistic was 2.53. The sample size was n = 54.7 Is this regression statistically significant? Explain the findin..
Calculate national income via the income approach : Calculate National Income via the income approach. Does this match with your answer to question (b) (ii)? Explain why your answers to questions c) and b (ii) should match each other.
How did scotts lack of leadership skills affect his team : What are some of the things that Amundsen planned for that Scott overlooked?How did Scott's lack of leadership skills affect his team?In your organization what events or projects could have been planned better? What do you think the outcome would h..
Sketch a model of the total weights of a dozen eggs : Eggs. The ISA Babcock Company supplies poultry farmers with hens, advertising that a mature B300 Layer produces eggs with a mean weight of 60.7 grams. Suppose that egg weights follow a Normal model with standard deviation 3.1 grams.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd